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Related news & insights - Rebecca Andrews-Walker

Commercial Rent (Coronavirus) Bill: an overview
Posted: 26/11/2021
The government has now published the eagerly awaited Bill to address the backlog of unpaid rent on commercial premises that has accrued during the ongoing coronavirus pandemic. The intention is for it to become law in March 2022......>>
Challenging markets – the risks to directors of energy companies in financial difficulty
Posted: 18/10/2021
The coronavirus pandemic posed a significant challenge to the financial health of businesses across the UK. A sector additionally at the mercy of the markets following the easing of lockdown restrictions is the energy industry, with the wholesale price of natural gas (measured on a pence per therm basis) having risen dramatically......>>
Changes to Covid-related property and insolvency restrictions – the last straw for landlords?
Posted: 18/06/2021
On 16 June 2021 the Government announced its intention to extend a number of the temporary restrictions introduced as a result of the pandemic: the restriction on rent-related forfeiture of business tenancies and commercial rent arrears recovery action (CRAR) by nine months to 25 March 2022...…>>
Breathing space and mental health crisis moratoriums: what do they mean for creditors and debtors?
Posted: 01/06/2021
Suffering with mental health problems and being in financial difficulty are often strongly linked, with one frequently causing or worsening the other. The introduction of The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020...…>>
Penningtons Manches Cooper announces 2021 partner promotions
Posted: 29/03/2021
Top 50 law firm Penningtons Manches Cooper has announced its partner promotions for 2021......>>
Coronavirus: is the roadmap to easing lockdown restrictions a road to ruin for directors?
Posted: 10/03/2021
Directors of companies have been facing, and continue to face, extremely challenging circumstances due to the financial impact of the coronavirus pandemic. The decisions they have taken through the pandemic to date have been made against a backdrop of unknowns: unknown closure durations, unknown projections and uncertain futures...…>>
The house always wins: the re-introduction of the HMRC preference
Posted: 16/02/2021
In measures that came into effect from 1 December 2020, the Finance Act 2020 dictates that for certain debts, HM Revenue & Customs (HMRC) will now rank much further up the chain of creditors when a company enters administration or liquidation. This is a radical change to a process that had...…>>
The grass is not always greener for suppliers: the collapse of the Arcadia Group
Posted: 02/12/2020
With the news that the Arcadia Group has entered administration, suppliers of goods and services are left with a number of questions: what happens next, and can they still get paid? The answers to such issues have recently been drastically altered by the Corporate Insolvency and Governance Act (CIGA) 2020...…>>
Penningtons Manches Cooper named in UK litigation top 50 report
Posted: 16/10/2020
The high quality and broad range of Pennington Manches Cooper’s litigation expertise has been recognised in this year’s edition of The Lawyer UK Litigation 50, which positions the firm at 38 in the list of top 50 litigation law firms......>>
A guide to the impact of the insolvency law reforms
Posted: 15/04/2020
On 28 March 2020, business secretary Alok Sharma announced plans to reform insolvency law to add new restructuring tools, including: a moratorium for companies in order to give them breathing space from creditors enforcing their debts for a period of time whilst they seek a rescue or restructure......>>

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